As an early entrant in the Credit Rating business, ICRA Limited (ICRA) is one of the most experienced Credit Rating Agencies in the country today. ICRA rates rupee-denominated debt instruments issued by manufacturing companies, commercial banks, non-banking finance companies, financial institutions, public sector undertakings and municipalities, among others. ICRA also rates structured obligations and sector-specific debt obligations such as instruments issued by Power, Telecom and Infrastructure companies. The other services offered include Corporate Governance Rating, Stakeholder Value and Governance Rating, Credit Risk Rating of Debt Mutual Funds, Rating of Claims Paying Ability of Insurance Companies, Project Finance Rating, Line of Credit Rating and Valuation of Principal Protected-Market Linked Debentures (PP-MLD).
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z All

Company Name Sector Name Long Term Medium Term Short Term Issuer Outlook
S & T Mining Company Private Limited
Rationale / Rating Methodologies
Mining [ICRA]BBB+ ISSUER NOT COOPERATING -- -- -- Stable
S A Iron & Alloys Private Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
S A Iron & Alloys Private Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
S A Iron & Alloys Private Limited
Rationale / Rating Methodologies
Miscellaneous -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
S D Rice Mills
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
S&P Infrastructure Developers Private Limited
Rationale / Rating Methodologies
Construction -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
S&P Infrastructure Developers Private Limited
Rationale / Rating Methodologies
Construction -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
S&P Infrastructure Developers Private Limited
Rationale / Rating Methodologies
Construction [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
S. K. Exports (Lower Parel)
Rationale / Rating Methodologies
Footwear and leather products [ICRA]BB- ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
S. K. Exports (Lower Parel)
Rationale / Rating Methodologies
Footwear and leather products [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
S. Nanda Industries Pvt. Ltd.
Rationale / Rating Methodologies
Miscellaneous [ICRA]D ISSUER NOT COOPERATING -- -- -- --
S. Nanda Industries Pvt. Ltd.
Rationale / Rating Methodologies
Miscellaneous [ICRA]D ISSUER NOT COOPERATING -- -- -- --
S. Narayana Reddy
Rationale / Rating Methodologies
Construction [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
S. Narayana Reddy
Rationale / Rating Methodologies
Construction -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
S. P. Jaiswal Estates Private Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant [ICRA]B+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
S.B. Cars Private Limited
Rationale / Rating Methodologies
Automobile Dealerships [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
S.B. Sahoo & Co. Pvt. Ltd.
Rationale / Rating Methodologies
Trading [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
S.D. Education Trust
Rationale / Rating Methodologies
Education [ICRA]D ISSUER NOT COOPERATING -- -- -- --
S.K Foods
Rationale / Rating Methodologies
Agricultural Produce [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
S.K. Agros
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
S.K. Agros
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
S.K. Solvex Private Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
S.K.Cotton Industries
Rationale / Rating Methodologies
Textiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
S.K.Cotton Industries
Rationale / Rating Methodologies
Textiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
S.K.L. Exports
Rationale / Rating Methodologies
Textiles [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
S.K.L. Exports
Rationale / Rating Methodologies
Textiles -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
S.M. Engineers
Rationale / Rating Methodologies
Electronics and Electricals -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
S.M. Engineers
Rationale / Rating Methodologies
Electronics and Electricals [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
S.M. Engineers
Rationale / Rating Methodologies
Electronics and Electricals [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
S.P. Sortex Rice Exports India Ltd
Rationale / Rating Methodologies
Miscellaneous [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
S.P. Sortex Rice Exports India Ltd
Rationale / Rating Methodologies
Miscellaneous [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
S.P.R.L Foods Limited
Rationale / Rating Methodologies
FMCG [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
S.S. Construction
Rationale / Rating Methodologies
Construction [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
S.S. Construction
Rationale / Rating Methodologies
Construction [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
S.S. Cotton Industries Private Limited
Rationale / Rating Methodologies
Textiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
S.S. Cotton Industries Private Limited
Rationale / Rating Methodologies
Textiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
S.S. Timber Traders
Rationale / Rating Methodologies
Timbers and Plywood etc -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
S.T. Woollen Mills Pvt Ltd
Rationale / Rating Methodologies
Food and food products [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
S.T. Woollen Mills Pvt Ltd
Rationale / Rating Methodologies
Food and food products [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
S.T. Woollen Mills Pvt Ltd
Rationale / Rating Methodologies
Food and food products -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
S.T. Woollen Mills Pvt Ltd
Rationale / Rating Methodologies
Food and food products [ICRA]B+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
S.V. Patel & Sons
Rationale / Rating Methodologies
Textiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
S.V. Patel & Sons
Rationale / Rating Methodologies
Textiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
S.V.S Classic Foods
Rationale / Rating Methodologies
Agricultural Produce [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
S.V.S Classic Foods
Rationale / Rating Methodologies
Agricultural Produce [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
S.V.S Classic Foods
Rationale / Rating Methodologies
Agricultural Produce -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
S.V.S Classic Foods
Rationale / Rating Methodologies
Agricultural Produce -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Saanj Aur Savera Educational and Welfare Trust
Rationale / Rating Methodologies
Education [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Sabari Krishna Enterprises
Rationale / Rating Methodologies
Construction [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Sabari Krishna Enterprises
Rationale / Rating Methodologies
Construction [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Sabari Krishna Enterprises
Rationale / Rating Methodologies
Construction -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Sabari Textiles Private Limited
Rationale / Rating Methodologies
Textiles [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Sabari Textiles Private Limited
Rationale / Rating Methodologies
Textiles [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Sabari Textiles Private Limited
Rationale / Rating Methodologies
Textiles -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Sadguru Medical & Research Center Pvt Ltd.
Rationale / Rating Methodologies
Healthcare [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Sadguru Medical & Research Center Pvt Ltd.
Rationale / Rating Methodologies
Healthcare [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Safar Polyfibre Pvt. Ltd.
Rationale / Rating Methodologies
Textiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Safar Polyfibre Pvt. Ltd.
Rationale / Rating Methodologies
Textiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Safar Polyfibre Pvt. Ltd.
Rationale / Rating Methodologies
Textiles -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Safar Polyfibre Pvt. Ltd.
Rationale / Rating Methodologies
Textiles -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Safeflex International Limited
Rationale / Rating Methodologies
PetroChemicals and Polymers [ICRA]BB+ ISSUER NOT COOPERATING -- [ICRA]A4+ ISSUER NOT COOPERATING -- Stable
Safeflex International Limited
Rationale / Rating Methodologies
PetroChemicals and Polymers -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
Safeflex International Limited
Rationale / Rating Methodologies
PetroChemicals and Polymers [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Sagar Foods
Rationale / Rating Methodologies
Seafoods -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Sagar Foods
Rationale / Rating Methodologies
Seafoods -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Sagar Foods
Rationale / Rating Methodologies
Seafoods [ICRA]B ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Sagar International
Rationale / Rating Methodologies
Trading -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Sagar International
Rationale / Rating Methodologies
Trading -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Sahakar Shiromani Vasantrao Kale Sahakari Sakhar Karkhana Limited
Rationale / Rating Methodologies
Sugar -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Sahara Industries
Rationale / Rating Methodologies
Textiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Sahara Industries
Rationale / Rating Methodologies
Textiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Sahara Industries
Rationale / Rating Methodologies
Textiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Sahu Hydro Power Private Limited
Rationale / Rating Methodologies
Power [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Positive
Sahu Hydro Power Private Limited
Rationale / Rating Methodologies
Power [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Positive
Sahuwala Cylinders Private Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Sahuwala Cylinders Private Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Sahuwala Cylinders Private Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Sai Engineering Foundation
Rationale / Rating Methodologies
Power [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Sai Industries Private Limited
Rationale / Rating Methodologies
Packaging [ICRA]BBB- ISSUER NOT COOPERATING -- -- -- Stable
Sai Industries Private Limited
Rationale / Rating Methodologies
Packaging -- -- [ICRA]A3 ISSUER NOT COOPERATING -- --
Sai International
Rationale / Rating Methodologies
Miscellaneous [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Sai Krishna Developers
Rationale / Rating Methodologies
Real estate [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Sai Point Bikes and Cars
Rationale / Rating Methodologies
Automobile Dealerships [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Sai Radha Pharma (India) Private Limited
Rationale / Rating Methodologies
Trading [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Sai Ram Constructions
Rationale / Rating Methodologies
Construction [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Sai Ram Constructions
Rationale / Rating Methodologies
Construction [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Sai Ram Constructions
Rationale / Rating Methodologies
Construction [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Sai Regency Power Corporation Private Limited
Rationale / Rating Methodologies
Power [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Sai Regency Power Corporation Private Limited
Rationale / Rating Methodologies
Power -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Sai Regency Power Corporation Private Limited
Rationale / Rating Methodologies
Power [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Sai Regency Power Corporation Private Limited
Rationale / Rating Methodologies
Power [ICRA]D ISSUER NOT COOPERATING -- [ICRA]D ISSUER NOT COOPERATING -- --
Sai Surfactants Private Limited
Rationale / Rating Methodologies
Packaging [ICRA]BBB- ISSUER NOT COOPERATING -- -- -- Stable
Sai Surfactants Private Limited
Rationale / Rating Methodologies
Packaging -- -- [ICRA]A3 ISSUER NOT COOPERATING -- --
Sai Swadhin Commercials Private Limited
Rationale / Rating Methodologies
Solvent extraction [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Sai Swadhin Commercials Private Limited
Rationale / Rating Methodologies
Solvent extraction [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Sai-Laxmi Texofab
Rationale / Rating Methodologies
Textiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Sai-Laxmi Texofab
Rationale / Rating Methodologies
Textiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Sai-Laxmi Texofab
Rationale / Rating Methodologies
Textiles [ICRA]B+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Sai-Laxmi Texofab
Rationale / Rating Methodologies
Textiles -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Saileela Processors Private Limited (Formerly Known as Suzuki Synthetics Private Limited)
Rationale / Rating Methodologies
Textiles [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Recent Releases

  • Bajaj Electricals Limited: Ratings revised to [ICRA]A-(Negative)/[ICRA]A2+; outlook remains Negative

    Rationale / 15 Nov 2019

  • GTN Industries Limited: Long-term rating upgraded to [ICRA]B(Stable); Short-term rating reaffirmed

    Rationale / 15 Nov 2019

  • T S Alloys Limited: Ratings reaffirmed and placed on Rating watch wT S Alloys Limited: Ratings reaffirmed and placed on Rating watch with developing implications ith developing implications

    Rationale / 15 Nov 2019